Apartment Report

Year Ended 2011-12-31

200 East 36 St
#2C
New York
NY 10016

200 East 36th Owners Corp.

Financial Statements

BALANCE SHEETS

BALANCE SHEETS
Assets
Current Assets:
Cash and cash equivalents 1,360
Receivables (Note 3) 2,067
Prepaid expenses (Note 4) 317
Total Current Assets 3,744
Reserve fund (Notes 2 and 5) 4,196
Property and Improvements: (Notes 2 and 6)
Land 16,536
Building 66,145
Building improvements and equipment 15,721
Total 98,402
Less: accumulated depreciation 58,123
Net Property and Improvements 40,279
Other Assets:
Cash - security deposits 500
Unamortized mortgage finance costs (Note 2) 434
Deferred ieasing commissions (Note 2) 139
Total Other Assets 1,073
Total Assets 49,292
Liabilities
Current Liabilities:
Accounts payable 476
Real estate tax abatements 579
Accrued mortgage interest 177
Building improvements payable 125
Advance maintenance 52
Total Current Liabilities 1,409
Long-Term Liabilities:
Mortgage payable (Note 7) 36,226
Security deposits payable 433
Total Long-Term Liabilities 36,660
Total Liabilities 38,069
Stockholders’ Equity
Common stock - $4.00 par value, 50,000 shares authorized, 47,364 shares issued and outstanding 264
Additional paid-in capital 55,182
Accumulated deficit (44,223)
Total Stackholders' Equity 11,224
Total Liabilities and Stockholders' Equity 49,292

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS
Revenues
Maintenance 10,787
Commercial and professional 2,470
Operating assessment 1,086
Electricity charges rebilled 585
Other sharehalder fees 222
Laundry income 33
Total Revenues 15,183
Cost of Operations
Administrative expenses Schedule 1 663
Operating expenses Schedule 2 5,934
Repairs and maintenance Schedule 3 692
Real estate tax 6,192
Interest expense 2,086
Corporation taxes 80
Total Cost of Operations 15,647
Loss from operations before other items and depreciation and amortization (464)
Interest income 53
Transfer fees (Note 2) 419
Income Before Depreciation and Amortization 8
Depreciation and amortization (2,550)
Net Loss For The Year (2,542)